Portland General Electric Company $POR Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Portland General Electric Company (NYSE:POR) by 15.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,597 shares of the utilities provider’s stock after selling 1,947 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Portland General Electric were worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in POR. KBC Group NV grew its stake in shares of Portland General Electric by 29.3% in the first quarter. KBC Group NV now owns 4,717 shares of the utilities provider’s stock valued at $210,000 after buying an additional 1,068 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Portland General Electric by 17.5% during the 1st quarter. New York State Teachers Retirement System now owns 39,793 shares of the utilities provider’s stock valued at $1,775,000 after acquiring an additional 5,927 shares during the period. M&T Bank Corp grew its position in Portland General Electric by 21.9% in the 1st quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider’s stock valued at $878,000 after acquiring an additional 3,538 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Portland General Electric by 6.5% during the first quarter. State of Alaska Department of Revenue now owns 12,806 shares of the utilities provider’s stock worth $571,000 after purchasing an additional 780 shares during the period. Finally, Vanguard Group Inc. increased its stake in Portland General Electric by 4.7% during the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock worth $556,266,000 after purchasing an additional 559,201 shares during the period.

Portland General Electric Trading Up 1.3%

NYSE POR opened at $43.71 on Tuesday. The firm’s fifty day moving average price is $42.55 and its 200 day moving average price is $42.06. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $49.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 3.95 and a beta of 0.62.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $807.00 million during the quarter, compared to the consensus estimate of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. Portland General Electric’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, sell-side analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 annualized dividend and a yield of 4.8%. Portland General Electric’s payout ratio is 77.49%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Portland General Electric in a report on Saturday, September 27th. Barclays decreased their price target on shares of Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 22nd. Finally, Zacks Research raised Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Portland General Electric currently has a consensus rating of “Hold” and an average price target of $45.40.

Insiders Place Their Bets

In other Portland General Electric news, Director Michael A. Lewis sold 1,937 shares of the firm’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $40.10, for a total transaction of $77,673.70. Following the transaction, the director directly owned 13,509 shares of the company’s stock, valued at approximately $541,710.90. This trade represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Maria M. Pope sold 18,896 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total transaction of $803,080.00. Following the sale, the chief executive officer owned 194,135 shares of the company’s stock, valued at $8,250,737.50. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,436 shares of company stock valued at $988,388 over the last quarter. Company insiders own 0.40% of the company’s stock.

Portland General Electric Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.